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Transforming Audit Readiness into a Strategic Advantage

E78 Partners

Preparing for a financial audit can be a daunting task, especially for private equity-backed firms where accuracy and efficiency are paramount. This article provides a deeper look at the steps CFOs can take to create a seamless, streamlined audit experience.

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Top Audit Readiness Challenges and How to Overcome Them

E78 Partners

Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Ensure that impairment analyses are completed according to audit priorities, with asset groupings and forecast data that align with GAAP standards.

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CFO Corner With Thryv Holdings’ Paul Rouse

Global Finance

Its essentially doing the internal audit work while also functioning as an organizational tool. This involved restructuring the former company, setting up the right platform, and securing the proper capital structure. For example, we use AuditBoard, which tracks everyone involved in a process, including auditors and staff.

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Lebanon On The Path To Reform

Global Finance

“Now it needs to be used: whether by banking authorities for restructuring the sector, by the judiciary, or by the tax administration.” ” But the new governors immediate priority must be “to launch banking audits to get an accurate picture of assets and liabilities,” says Rizk.

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Deloitte Becomes First Of Big Four To Break Up Business

PYMNTS

Deloitte will be the first of the “Big Four” auditors to break up its business after selecting a new auditing board to undertake the task, according to a report from The Telegraph. 11), Deloitte revealed it had set up an audit governance board to help to eventually separate the audit division from the rest of the company.

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Sebi expands scope of unpublished price sensitive information

CFO News

Sebi expands the scope of Unpublished Price Sensitive Information (UPSI) to include proposed fundraising activities, restructuring plans, and one-time bank settlements. New rules categorize various activities, including fraud or defaults, forensic audits, and regulatory actions, under UPSI to minimize litigation and appeals.

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The CFO Confessional: Bless Me, Market, For I Have Sinned 

CFO Talks

This includes restating prior-period financials where necessary, strengthening internal controls, and ensuring that audit findings are addressed in full. Engaging internal audit functions and reporting regularly to the board’s audit committee can help provide the oversight and assurance required to rebuild confidence.

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